Archicoin.io Review – Login, Register, ICO, Price, Archi Coin, Buy, Reddit
ArchiCoin is a distributed storage that is using the stable cryptography. Instead of a centralized server, the file system is formed by an unlimited number of servers in the Internet. Anyone can provide his or her disk space to participate in the unified world system of the protected data storage = according to the archcoin.io.
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Archicoin domain’s traffic is majorly from Turkey according to Alexa. The domain was privately registered on the 10th of November, 2017. No information was provided about the owner or owners of the business. However, a number of yet to be verified individuals were listed as the TEAM behind Archicoin.
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Again, Archicoin has no verified means of income except income coming from new affiliates which is a feature of a Ponzi Scheme. Any website that hides the names of its owners or people running the business are not always legit and caution should be taken before investing in them.
According to it’s whitepaper, “ArchiCoin keeps all data in the encrypted form. Access to the user files is realized through the private key. No one except the owner can get access to the information downloaded in the network. ArchiCoin allows to safely store, exchange or monetize any structured data. ArchiCoin is scalable and ready for large data.
When you upload a file to the ArchiCoin network, it is divided into parts, then these parts are encrypted and sent to a swarm of peers. Nobody stores the whole file, even in an encrypted form. Such method of data storage has obvious advantages over keeping data on a local server. Server with data can be hacked, closed, blown up or confiscated by the court’s decision. None of these can happen to the swarm of peers.”
In order to create a storage that is stable to denials and censorship and which is also able to store any amount of data, an ecosystem is being built where the owners of the hard disks are motivated to store data from ArchiCoin. The award for providing disk space is distributed in the ArchiCoin tokens. Price: 1 ARCHI = 0.002 USD .
The mining system was created to motivate the miners. The system automatically (randomly, according to the lottery principle) distributes ArchiCoin as a reward for providing processing power to support the system. It encourages users to provide the space and maintain its quality. The entry threshold is reasonable, so it allows getting the results even with small resources.
Mining is expected for a long time, the number of coins is limited and the economy of the project ensures a stable demand for the tokens in the stock exchange to pay for services, and it increases investment attraction to join the project as a miner.
The ArchiCoin token is the only means of payment in the system that allows to place the data in the independent decentralized storage.
A user does not need to have tokens or see into work of the stock crypto-exchanges, he or she can pay his or her commission with his credit card or a payment system, and the platform will automatically buy tokens and pay a commission with the tokens.
To stimulate the token ownership, a special bonus emission of the tokens will be performed, the volume of which is given in the table below. The size of the bonus is not constant and depends on the month. To get a bonus you just need to own tokens at the end of an exact month and the additional tokens will be automatically distributed through the smart contract.”
To access, register or login to Archicoin’s website, click the link below. Also watch clip below.